No more dramatic falls in Spanish Property prices, few bargains left in luxury marked

Spain’s house price falls decelerating, near bottom Spanish house prices registered a year-on-year decline of 4.2% in Q4 2013, slight improvement from a fall of 4.49% the previous quarter, according to Banco de España (BDE). It has now accrued a decline of 30.2% from the maximum values reached in 2007, before the crisis, and has accumulated 21 consecutive quarters of y-o-y declines. The decline...

Billionaire Cohen borrow money from Goldman Sachs collateral $1Billion Art collection

March 2013 New York Post uncovered  the “top-secret” purchase.  The newspaper, citing “a source,” reported Cohen’s purchase of the 1932 Picasso masterpiece, dubbing it most expensive artwork ever purchased by a U.S. collector.  Given it was a private sale, the actual purchase price may never surface. Le Rêve (The Dream in French) is a 1932 oil painting (130 × 97 cm) by...

World Gold Council 2014, China the world’s largest gold market

World Gold Council report 2014, China is the world’s largest gold market:  increase from the current level of 1,132 tonnes(t)1 per year to at least 1,350t by 2017  number one producer and consumer of gold since the market began liberalising in the late 1990s  market will continue to expand, irrespective of short term blips in the economy. By 2020  >  China’s middle class  will...

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